Sales were Up!

Single-Family:

Sales jumped up 22% in August as compared to the same to the same time last year. The average sale price increased 10% while the median sales price rose 16%. Sales continue to be concentrated in the upper price ranges due to the extreme shortage of properties under $200,000 that are available in the Garland area. Pending sales were up by 9% so it looks like we can anticipate that September sales will be positive. The number of new listings fell 11% and the active listings declined by 32%. The months of inventory dropped to 0.9 months. That’s not the lowest number we have seen lately buy it is sure not a good number if you are a buyer.

Sales: 219

Average Sales Price: $192,428

Median Sales Price: $180,000

Pending Sales: 220

New Listings: 209

Active Listings: 161

Months of Inventory: 0.9

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